financial statements and management report 2004 commerzbank ag

(21) Conditional capital
NOTES 37
Remaining Added in Used in Expired in Remaining
authorized financial year financial year financial year authorized
capital capital
€ m 31.12.2003 31.12.2004
Total 349 600 2 325 622
Conditional Added in Expired in Conditional of which
capital financial year financial year capital used available
31.12.2003 31.12.2004 conditional lines
€ m capital
Total 603 0 200 403 – 403
As resolved by the AGM of May 30, 2003, the Bank’s share
capital has been conditionally increased by up to €403m.
Such conditional capital increase will only be effected to
the extent that the holders or creditors of the convertible
bonds, bonds with warrants or profit-sharing rights – carrying
conversion or option rights – to be issued by May 30,
2008, by either Commerzbank AG or companies in which
Commerzbank AG directly or indirectly holds a majority
interest (group companies as defined in Art. 18, (1), AktG)
exercise their conversion or option rights, or the holders
or creditors of the convertible bonds or convertible profitsharing
rights to be issued by May 30, 2008, by either
Commerzbank AG or companies in which Commerzbank
AG directly or indirectly holds a majority interest (group
companies as defined in Art. 18, (1), AktG) meet their obligations
to exercise their conversion rights.
The conditional increase in the Bank’s share capital by
up to €200m, resolved by the AGM of May 21, 1999, expired
on April 30, 2004.